I Offer Details
Oscar Razor is raising a minimum of A$100,000 and a maximum of A$3,000,000 via a placement of up to 100,000 to 3,000,000 new fully paid ordinary shares in the company at an issue price of A$1.00 per share. The minimum investment is A$50 representing 50 shares. The table below sets out the issued capital of the Company following the offer.
I Use of Funds
The table below sets out the intended use of funds raised under this Offer based on the minimum and maximum subscription amounts.
What is OSCAR?
OSCAR Razor sells high-quality razors and shave preparations direct to customers around Australia from its website. Customers can subscribe to receive products on a regular basis OR buy on demand, ie. as and when they need.
Where do you make your products?
Our razors are manufactured in the USA, in a factory that has been making razors since the 1900s. However, our ‘OSCAR Natural’ skincare range is made in Australia by a company that has got extremely high-quality control and is able to manufacture in large volumes to allow us to scale.
Why would I invest?
Typically you buy products from the supermarket. Most of these personal care products are manufactured and owned by large overseas companies. Think Gillette, Nivea, L’Oreal. That means the profits go back offshore. Not with us. We are an Australian company, which means our profits stay in Australia. What better than to buy products from a company that you’re a part-owner of.
What does Social Impact mean?
Giving back where we can is part of our mission. By outsourcing assembly and fulfillment to Beehive Industries, we keep our fixed costs low while Beehive generates revenue to provide more services to those in the community who benefit from a caring, inclusive and friendly environment.
How will you use the money I invest?
The funds raised through this campaign would be allocated as mentioned under 'Use of Funds' in the offer document. A considerable amount of the total funds raised would be allocated towards Marketing. Shaving (and razors) is big business with an estimated 3-4 million Australians using ‘system razors’, non-disposable razors. Making everyone aware that OSCAR is a great alternative to Gillette or Dollar Shave Club means we have to put the word out through all main channels, which means we have to invest in marketing.
How do I know it’s not being wasted?
Customers buy online and all revenue is recorded through our accounting system. This gives us as well as our shareholders accurate insight into our costs and profits.
How do you keep track of so many shareholders?
All investments will be registered and maintained by Registry Direct, an all-digital platform to record and manage shareholdings. Registry Direct gives shareholders unprecedented visibility of their holdings, with 24/7 access from any device. Shareholders can log-on anytime to view and update their details, download statements and stay connected to announcements and events.
CORPORATIONS REGULATIONS 2001 - RISK WARNING about Crowd-sourced funding
- Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks.
- You may lose your entire investment, and you should be in a position to bear this risk without undue hardship.
- Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares.
- Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.
- Even though you have remedies for misleading statements in the offer document or misconduct by the company, you may have difficulty recovering your money.
- There are rules for handling your money. However, if your money is handled inappropriately or the person operating the platform on which this offer is published becomes insolvent, you may have difficulty recovering your money.
- Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.
FINANCIAL MARKETS CONDUCT REGULATIONS - WARNING STATEMENT ABOUT EQUITY CROWDFUNDING
- Equity crowd funding is risky.
- Issuers using this facility include new or rapidly growing ventures. Investment in these types of businesses is very speculative and carries high risks.
- You may lose your entire investment, and must be in a position to bear this risk without undue hardship.
- New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for Investors to make an informed decision.
- The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.
- Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.